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20130113
20130121
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president obama a blank check but told "houston chronicle" editorial board, "we will raise the debt ceiling. we are not going to default on our debt." he went on to say "i tell you unequivocally we are not going to default." cornyn notes there will be tax revenue coming in and said it may be necessary to partially shut down the government to secure the long-term fiscal well-being of the country. white house aides just want congress to get it done. >> the point is without drama and delay, monthly extension is drama. okay? so congress should do its job. we're not going to negotiate over extending the debt ceiling. >> though the house is planning something short-term to force the senate to the a budget. >> just the structure, moving something on a shorter term, what we are discussing is something that all could support. it's reasonable. but also very constructive for america themselves. >> spokesman for the senate majority leader harry reid says if the house pass a clean debt ceiling incress, the senate will be happy to consider it. jay carney at the white house called for passing a clean debt
closer to maxing out on a credit card. some lawmakers have a plan to fix that whole debt ceiling problem for good. plus folks in the deep south dealing with unusuallynter weat. first alert forecasters say get ready for round two. that's coming up as we reach the bottom of the hour and the top of the news. two minutes away. careful, pringles are bursting with flavor. ♪ pringles... bursting with flavor. >> bill: california man got more than he bargained for when he bought an old camera at cluttered antique store. the french stereo scope pick camera from 1901 cost him only $100. it turned out it contained historic photos from the first world war. they show war torn france including the remains of an airplane and men in uniform posing what appears to be a bomb. >> it was incredible to me that developed images were in the camera but now that i think about it, the serendipity of it and the fact that i saw that camera as i first walked in. >> he says he is going to make prints of the images and eventually sell them. i'm bill hemmer in tonight for shepard smith. this is the fox report. some de
that will coalesce. debt ceiling discussion, debt ceiling and the fact that the federal government will run out of money at the end of march. >> all those bring a confluence of an opportunity to drive a debate and drive changes that get us towards long-term prosperity and get us off of this notion that we can just continue to borrow and spend. >> reporter: it is clear most republicans want there to be spending cuts as part of these fiscal matters as they work on long-term extensions or solving these problems long term. jenna. jenna: mike, if we're hearing this, then the white house is probably hearing this as well. any reaction from the white house about potentially this plan from republicans? report or the jenna, --. >> reporter: jenna white house officials are saying if congress doesn't want to raise the debt ceiling they should authority rise president obama to do it himself. they should extend it so it doesn't cause concern for the economy and global markets. >> longstanding tradition for the congress to raise the debt ceiling. this is power they have given themselves, the point is without
a new plan to eliminate the debt ceiling, claiming the gop is exploiting the issue for political gain. doug mckelway is live in washington with more on the democratic plan and the road ahead. hi, doug. >> reporter: hi, jenna. this democratic plan in a nutshell would basically do away with the statute that calls for the debt ceiling in the first place, allowing spending in effect to go up and up and up without the artificial cap that the debt ceiling is indeed. democrats are explaining this in a press conference right now as we speak, so we'll be learning a lot more about it as the day progresses. republicans obviously deeply opposed to this thing, fearful that democrats will indeed use it to allow spending to go up and up. here is senator john barrasso speaking on fox news this morning. >> we have a spending problem in this country. people all across the country know it. they know it in wyoming. families have to balance their budget every year. many states do. we do in wyoming. it is time for the senate and the house and the president to get serious about limiting our spending and spe
. tdd#: 1-800-345-2550 >> $64 trillion and counting. the nation's debt ceiling. to cut to red, my next guest advocates more green when it comes to health care. the called the health reduction. she said there would be a method. explain. >> well, actually, the public option would decrease the deficit by about $104 billion over ten years. >> how too you know that? >> that's the congressional budget office estimate. of what it would do. this is not numbers i made up. because it would inn fact lower the -- provide an option -- this would be completely by choice -- for people who don't want to pick this public option, among the private sector choices within a health exchange, and rates for premiums are estimated to be about 5 to 7% lower, meaning those people in the exchange that needed a subsidy would take fewer tax dollars and it is also estimated that it would serve as an anchor, because there's competition, to bring down the cost of health care, even in the private sector as well. >> when is the government -- when is the government ever done that? with george bush's plan, you were critic
pay that for us? that would be helpful. democrats say they think we should get rid of the debt ceiling all together because it is difficult to bum up against that. art laffer with thoughts on that. bill: will have a lot of thoughts. the nra responds in turn and the group's president will be here live for us this morning. >> we will nullify anything the president does that smacks of legislation. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. martha: so it is thursday. that means we get brand new jobs numbers from the labor department. the number of americans seeking unemployment benefits fell by 37,000 last week. that is a seasonally adjusted number of 335,000 for unemployment. that is the lowest level since january of 2008, just before the recession began but this seemingly sharp improvement in the labor market may be a little bit misled leading. jobless numbers in january can be erratic. employers re
the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republicans are trying to force it house speaker john boehner told house members, quote: before there is any long-term debt alowe time for a budget to get done. >> he our hope is to pass something very early so the senate can take action as well. i wouldn't put any jeopardizing of the economy there. shows that it is a very rational, put us on a better path and i would think all the american pub
tax-funded bailouts. period. >> years of spending under both parties add up and the debt ceiling talks of 2011 led to a budget attend off between democrats and republicans who took back control of the house of representatives in the midterms. >> is there a risk the united states could lose their aaa rating? yes-or-no. >> no risk. >> the debt ceiling was raised in august the political fight in the spot lighted on the deficit and debt problems less s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term and now he is stepping down. president obama's pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple
the government running. they only have about 4-6 weeks left before the nation hits the national debt ceiling. republicans are calling for budge cuts in return for raising the debt ceiling, but president obama came out swinging during his news conference on monday claiming he's already gone a long way toward closing the budget gap. joining us now to fact check some of his statements, stephen hayes, a senior writer for the weekly standard and a fox news contributor, douglas holtz-eakin is now president of the american action forum. just as a general rule, steven, when you heard the president speaking in that news conference, was he generally being honest with the american people about the state of our finances? >> well, i would say there were some things he said that were true, some things that he said that were, i think, misleading. importantly, he didn't put into proper context the discussion that we're having nationally about the debt ceiling and about the state of our finances more broadly. if you look at where we are, more than $16 trillion in debt, the president is right when he says tha
to get a change of men , maybe we should bring them to talk about the debt ceiling. >> gregg: they are so good at everything. they do have a tendency to get the silk stockings over the least things. remember when we changed from french-fries to freedom fries and they got upset and then disney world and big macgs? >> this is an important issue. we do have things to worry about like unemployment and debt ceiling, but this is big. basically what was happening it was on the menu. it said champagne and champagne technically comes from a part of france. >> gregg: a region of france. >> right and the lobbyists went crazy over this. u.s. law says as long as you show the origin of the grapes it's already but they put california on the right side and on the left side -- >> only the french would get upset about that. >> gregg: the problem is there is too many lobbyists in washington. we put on green room on this. it's astonishing. there are 12,051 lobbyists that are actively lobbying. >> $3.3 billion in one year. >> gregg: i didn't do that. if you do the math, 22 lobbyists for every single member of
past the fiscal cliff. now we are going to hit the debt ceiling debasement now it appears house g.o.p. members are putting forth this idea. maybe a bit of an olive branch saying three month extension in the debt ceiling would enable them to come to some sort of a deal not without caveats on spending. turk turk tied to. the budget. the senate hasn't in three years. unless the senate comes up with a budget by april 15th. no more pay for members of congress. which might be a stimulus of its own kind. >> alisyn: there is a new fox news poll about how americans are feeling about this. all of our budget battles. here is the question we asked. is government spending being managed carefully or out of control? not surprisingly now 83% of you say that it is out of control verses just 11% who say it's managed carefully and those numbers have become more extreme in the past two and three years. >> here is another big question we asked you fox news poll should the debt limit be raised again? of course it's been raised every year. the majority of you said only after major cuts are put in place.
are huddling in southern virginia. to come up with a strategy over the drama over the debt ceiling. continuing resolution and sequester cuts. one of them admits it's a tough situation for them. >> there is no celebration in the fact we are a nation of $16 trillion in debt. you have somebody in the white house that says to do the one thing that makes no sense whatsoever. that is raise the debt creeling with no change in the future. that is absurd argument. >> let's get more on the republican messaging from senior political analyst. brit hume. good evening. >> hi, bret. >> the house republicans are not wrong to seek spending cut to allow borrowing by a treasury more than $16 trillion in debt. but in politics it's not enough to be right. you need to be effective. it requires recognition that politics is a team sport and being united is critical. this is true if the party controls one house of congress and the other party not only has the other one but the white house as well. consider what happened in the recent fiscal cliff end game. taxes were set to go up by law on january 1. some house republ
up and the debt ceiling talks of 2011 led to a budget standoff between democrats and republicans who had taken back control of the house in the mid-terms. >> is there a risk that the united states could lose its triple-a credit rating, yes or no? >> no risk of that. >> no risk. >> the debt ceiling was raised in august, the political fight and the spotlight on the count row's deficit and debt problems led s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term, now he's stepping down at treasury. the pick to replace him is jack lew, who has established a close relationship with the president. he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fiscal problems. >> this is a president that is forced to grapple to the tenor of our times with the budg
the debt ceiling. because obviously if you go -- if you default, if you go over the debt ceiling and there is some technicality whether it's really a default or not, but it would certainly tank the economy and hurt our credit rating and raise interest rates. what ryan is suggesting is you just delay, you extend the debt ceiling for a few months and then you have the night oversee questions tracing, because there's already a hundred billion dollars in spending cuts that's baked in the cake that will take effect on march 1st. that's the point at which you say to the president if you're the republicans, look, we can either go with that hundred billion dolla dollar cut or work something else but we're going to cut a lot of money out of the budget. bill: can that idea move forward do you think. >> it makes a lot more sense. the republicans have a lot more leverage there and they don't run the risk and the president can't portray them at that point as being willing to default on the full faith and credit of the united states and sink the economy, and have credit ratings dropped and thi
the debt ceiling. this is the question we posed. is reduce the federal deficit a worthy goal? this is interesting you may recall white house press secretary made news by stating that deficit reduction is, quote not a worthy goal onto itself. 77% of voters disagree with them and that includes large majorities of republicans, independents and democrats. what is your take on this? >> again i don't want to be a downer here, the question is what urgency to do they place on that. we had an election two months ago where there were two candidates, one was more focused on cutting the deficit and reducing our long term debt and one didn't think it was a big concern. the one who didn't think it was a big concern won the election. yes, voters seem to say that is an issue they agree with, but when it came to election day two months ago that certainly wasn't one of the top issues they voted on because they voted for the candidate who wasn't embody go it. >> heather: through his actions, as well. that leads to this, how f or if it should be raised? should the debt limit be raised again, 23%
the debt ceiling now. that's going to be the next big thing. he's refusing to negotiate, so if the gop ties the debt ceiling to the current budget battle. listen to this. >> republicans and congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> steve: here is somebody who dealt with enormous deficits firsthand, the former governor of the golden state of california, arnold schwarzenegger. good morning to you. >> good morning. nice to be here again. >> brian: he sends a warning to the republicans should they back off or take on the president? >> first of all, i think i find it interesting that when you want to have more money, if you go to any financial institution, they say look, i can't pay my bills, i need more money. they want to see their payment plan. how are you going to live responsible from here on? then you can get more money. so i don't understand that why this should not be a part of the d
Search Results 0 to 15 of about 16